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picture here is, i have a suspicion, wayne, it is all on us. >>guest: look, the french are out there, the brits are out there, they are giving it all. that is wonderful that america is led by the brits and the americans and that is not to detract from the courage of these men of the british and the french it's just not natural. the united states is the single most powerful nation in the world and the world follows the united states, conflicts are resolved by us. we are the ones would control everything in the world and, yet, here we are, following the lead, supposedly, of two other nations and i might add, anyone who thinks there are for boots on the ground already, whether they are french or british, possibly americans, is kidding themselves. the rockets have to be guided into the targets by lasers. >>neil: so what do you think is going to happen to muammar qaddafi? if he is responding with anti-aircraft power right now, to try to deal with this, obviously he will not go quietly into the night, so is already escalating? it's father to look at the math and say he doesn't stand a chan
it, for less money than madoff used for his ponzi scheme we have a $42 billion bet on crude. that's enough to take the crude so high it could destroy world economies and if you are not an end user and cannot improve you are taking delivery you should not have access to the crude market, taking the pure betters out of the price game because the pure betters can take us so high our economic recovery is knocked flat on its butt. check this, one of the stats i read before i came here, was that every $10 rise in the price of crude equals to a $40 billion withdrawal of funds from the u.s. economy. that's just america's stats of the take that around the world and see how bad it is to have crude go higher. this is a serious problem. we need to stop crude from going higher and certainly pulling the speculators from the market is a way to slow down the price movement because if you do not have reason to take delivery, you would not just be buying for a pure speculator to make money. >>neil: but you physically have to have the oil. interesting. thank you very much. >>guest: thank you for hav
the shots. gets who pays for most of nato. bingo. guess whose cover is not only bear but busted? bingo. us. in hock. at war. and knee-deep in in a region where spending is over the top. $127 billion we give to countries who do not care about our country. weird. i am neil cavuto. i don't know whether to call them revolts or revolting. supporters of muammar qaddafi burning the american flag in india. they are stomping on an image of president obama. the same people to woman we are giving more than $50 million this year and last with another $22 million on way. the wall street journal's reporter says cut the check cutting. amazing. amazing. >> we should call america "america the check writer," because we write the checks for the activities, we pay for the u.n. we pay for nato, we pay over half of the bills of nato paid for by the united states, and, by the way, when you talk about the costs of the missiles and the planes and other equipment being used in libya, do not forget this: if you look at list of the united states we always win the war but lose the peace because the real cost is going
becoming extremely difficult for the japanese. and the u.s. has not flown for the areas we are told because of the nuclear threat so they are on the outlying area where there are hundreds of thousands more in need. further to the south we are on the edge of the disaster zone, and the tsunami ran through here at 10' high. where we were located there was a system in place and people were able to get away from here and no one died where we are located but yesterday we were here in the afternoon when soot warning came through and people ran in all directions but even here, 75 miles or so north of tokyo it is difficult to find food. the power is on in some places, off in others. when you get to a fuel station that is open the lines are massive, lines that stretch in some cases two- or three-miles, if they even get to the front of the line, and then the gas station is closed because there is not a drop left. the situation here is very difficult situation and we are monitoring it, and, also, monitor the situation with the nuclear locations to our north. back to you in new york. >>neil: thank you,
good. you just have to be aware. >>neil: there are fears maybe we are using this as an excuse to pocket the gains and it is it out. >>guest: people are locking for what they call a correction, to pull 10 percent off the high, we are only 5 percent off, 32-in high so we are doing well. we want reason to take profits. what better reason than this earthquake the devastation cost hundreds of billions in japan and a madman is running loose in the middle east so it is back and wait. that is the thing. they are waiting for this to go by the wayside. the problem is, by the time it calms down and it is go you are back at the high and chasing the highs again. >>neil: thank you, good to see you again. and now this fox news alert. muammar qaddafi is getting nasty and oil traders are sending prices back over $100 a barrel as muammar qaddafi vows the rebels will look down a gun barrel telling residents of one city of benghazi they will be attacked tonight, tonight. and now if he follows through, and he has in the past, what? >>guest: the continuation of $4 or higher, we approached $102 a barrel. mark
community to step in are bothering to show up. this is u.s. taxpayer finding out how much they are paying. pentagon saying it is spending $55 million a day on bombs and missiles alone. analysts say if arab member dozen not want to play though and pay. i don't hear them volunteering on either count. what do you make of that? >>guest: look at the history of the arab and muslim world the last 20 years. with violent dictatorships, saddam in 1991, invading an arab neighbor, saddam hussein in 2003 and iran developing nuclear weapons which i can tell you i talked to arab government officials off the record and they are petrified of a nuclear iran. so why don't arab nations lead the charge against iran's nuclear weapons program? >>neil: what i am wandering is the participation, your participation early, as so many beg off. the arab league as a block voted together with libya being a member, being suspended, for the action, yet, few participating in it, and, in fact, outside of humanitarian show purposes, virtually no one and there is a big meeting in london to talk about it, only a third of the m
on the session and neil cavuto will give us context and perspective. see you tonight on the fox report 7:00 eastern and 6:00 in oxford. >>neil: gas soars. you pay. read it and leap. gas now getting north of $3.50 a gallon. talk of $4 soon unless we do something about libya. and now. welcome, everyone, happy monday. kind of. i am neil cavuto. the president is saying nato is weighing military options to deal with the crisis. and republican lawmakers are urging direct aid for the rebels but there are no guarantee they will be any friendlier to u.s. interests but some of the same protests railed against oil. so why the knee-jerk rush to throw cash at them? my guest says the u.s. should butt out, director of foreign policy at cato institution. >>guest: first we recognize that the protests have nothing to do with the united states at the outset as in tunisia and egypt. this is not what the protesters are protesting about in the crying for u.s. support. they are in charge, and they are doing a fair job of fighting for their freedom and the less we give qaddafi an excuse to treat this as foreign
that but they are not doing all of the voters' bidding. they are in the representing all of us, in district 22 in wisconsin in my representative is not in madison, hundreds of thousands of people throughout the state are unrepresented. and that's just not right. it is not ever right for representatives to leave their post when they are called to be there. >>neil: you raise a good point, we are showing that everyone is focused on the one big vote on the union downsizing efforts but they always have opted out of a variety of other pieces of legislation that they should have had some say on, and this is, i get, to your point they are in the doing their job, right? >>guest: absolutely. there is all kinds of business. we are in a con current special session. regular session of the legislature and that is right. there are man were pieces of legislation that need to be considered and passed beyond the budget repair bill. so, absolutely, they are not representing us. they are leaving us in the lurch. this causes for a recall. >>neil: and he has no a to grind just a wisconsinite and he says he has a job to do and i
, they profit off of high are oil prices so for us to understand, saudi arabia and opec are playing a game where they can continue to let the oil prices rise and slowly put in, raise the production, and until we get to a point where demand starts to seep out of the market they can flood the market with production but until the demand starts to seep out of the market, oil prices, they are really good for the countries because they profit off of this. >>neil: at least they want to. and i am concerned that could be stymied but it is affecting a lot of things and gold, for example, another record high. what do you see happening? >>guest: well, there is a lot of fear, and risk on the table, a huge downturn in the stock market yesterday and people are fearful and they are looking for an excuse to take profit, goal, silver, and putting money into safe assets because of the fear and a lot of the fear is really not unwarranted because if you look at this revolution that is happening in libya and spreading, it is something that is causing major concern, because we could really have some major production i
today taking out a libyan training jet and the u.s., france and britain all taking a lead role so far. but, but, but, just two arab jets are in the region along with two of their transport planes but we do not know if they are being used and no sign of the 24 jets promised and pulled by the united arab emirates and secretary of state, hillary clinton is satisfied but author of "the coming revolution," and expert on the middle east is not satisfied. these are the folks, the arab league that said to a nation, you have to do something about libya, we are behind you when you do, and they're not. what is going on? >>guest: that is the problem, the arab league asked the united nations and asked us and the europeans to intervene yet the arab league has huge resources. we are spending $100 million, i guess, each day on this operation and there are billions of petro dollars and more important you spoke about qatar with two planes are more and you have three other amendments that are allies, why were they not asked. >>neil: they were among the nations include will bahrain, algeria, egypt, jorda
before they get to us, right, not consumer inflation, retail inflation, but on the way. and you have been saying ahead of many i might add that it has been here. you don't know what they are registering but it is here. what does that mean now? >>guest: well, it is pretty much a give me, prices will be passed through to us or businesses are going to take a hit which means they are earning take a hit which means this we do less hiring and you end up in a vicious cycle. if they pass it, consumers have to pay more and that hurts the economy, also, and you get in a situation where left or right, nothing really good happens. and, again, i put it on the back of the fed, this zero percentage interest rate idea, this continued qe2, insane. >>neil: viewers could be confused, the markets were up this morning with what was going on in japan up 5 percent. this news about the worsening potential condition of the reactors in japan broke after they closed. it looked like they were stabilizing and this is follows the nuclear situation, the markets rebounded there. but play it out what happens in four hour
of state employees using somebody else's money. it's not going to turn out well when neither negotiating party have skin in the game. so scott walker, what he has done is not lose the power of collective bargaining but just for wages up to the point of inflation. most people aren't going to get that right now in the private sector. didn't touch firefighters, policemen, emergency workers. i really think if you look at the intricacy of what was done it wasn't that draconian. >> neil: one thing we're hearing now is that tens of thousands of public workers plan to protest in the state capitol tomorrow. obviously they are concerned that it spreads and they are concerned it might already be too late in wisconsin but they are making a statement beyond. what do you make of that? >> one of the early signs when the protests started, this is democracy. actually what we see is democracy is when the elected representatives go into the chamber and they vote. to quote barack obama elections have consequences and we won. that is what the republicans said. the democrats took off to the hiding hole in ill
in the middle east it seems from a security standpoint we should use our resources we know we have and that is what we will probe with our hearings. >>neil: but is the problem that even if we were to open up and allow drilling in the protected areas immediately, the permit process to get them up and running could take months, in some cases, years. >>guest: of course and those that were opposed to drilling said the same thing, those this were opposed 12 years ago said the same thing. the question is: we should do this from a policy standpoint in our country. and we need to start now particularly when we look at the unrest in the middle east. that has long-term implications we know and we can not project what is going to happen but we should recognize that it is in our best interests to be less dependent on foreign sources so we node to start that process now. >>neil: i don't see it out of washington, not your committee, but the sentiment is building more for green technology and solar and wind and nuclear and everything but existing fossil fuels. so, i am worried whether this will f
, questions whether they factored in the nuclear disaster here and neil will bring us context and perspective and i'll see you tonight 7 eastern, 6 central on the fox report. until then, good night from japan. it was bad. welcome, everyone, i am neil cavuto and it has gone nuclear. experts saying, today, there is evidence of a breach at one of the damaged reactors. it is raising fears that more radioactive material could be released. japan now considering using helicopters to pump water on the damaged reactors in a desperate bid to school down the fuel rods. 140,000 people living near the reactors are being told to seal themselves inside their homes. reports today radiation levels are ten times normal. just 15 miles from tokyo. and people are looking to get the heck out. a lot more on all of this with donald trump who says this panic is justified. first, to the corner of wall and broad on if the panic on wall street is justified. what do you think? >>guest: the market has put on a good show although we are down 138. i don't think we have seen the other shoe drop yet. i think there are a lot o
that will not change. >>governor huckabee: the last package $862 billion and each job cost us about $228,000. and that is a fairly honest and conservative estimate. most of the people --. >>neil: but it is a cycle. >>governor huckabee: there is a study that says the actual unemployment rate is 10.3 percent based on their surveys. now, the question is, how many people have given up looking for work? sometimes the unemployment rate tends to go down but it is not because people have gone to work but they have given up and do not report. i am not saying that is what this is because i don't but there is a discrepancy between what gallup is reporting saying we have an uptick based on surveys rather than people coming to fill out the paperwork. >>neil: but the notion that stimulus led to the improvements, spending and my view is and we have chatted about this, between $1 trillion spent on the rescues and record low interest rates and leverage, but if something does not stick we have serious issues so some things are sticking. now, they are going to use this in the future to say, well, this is t
it is but they are not tapping them and they use this as an excuse when, in fact, if they were so hot to trot to drill, they would be drilling on the lands he have. what do you say? >>guest: when an oil companies get as lease from the federal government the first thing they do is they due different tests to assert whether there is any oil there and then they will drill and test a well, and oftentimes, they drill a dry hole and it is a huge, huge number of oil wells drilled in the united states, don't produce oil. but when we do find oil, then the government should let the companies go in and develop those discoveries so we maximize them. but, i can remember when president clinton sounded similar in 1996 the congress, republican congress, passed a law to allow the drilling of anwar, and president clinton vetoed this and said we would not get the oil for another 10 years or so, well, don't we wish we had that couple of three million barrels a day in 2005 or 2006. but, it's planning ahead, it's making sure that we develop everything that can be developed, and we have to quit doing things like shutting do
the no-fly zone to protect the people of libya. however, as you know, u.s. policy is to see muammar qaddafi gone, so squaring the contra digs between those two is going to be what the challenge is for the president tonight, and he also is going to trumpet the hand over to nato but folks in pentagon privately are saying they will be if this for a while. >>neil: and being sellish person that oil traders are, when we get reports that rebels have taken control or retaken control of oil port centers the oil prices subside and the volatility eases. not every day markets -- are the markets getting ahead of themselves? did they put this as an issue to rest from maturely? >> if you talk to folks at the pentagon, there are real concerns about the way forward even if the best-case-scenario happens, muammar qaddafi leaves or is taken out by some of his own people, the way forward on the ground in a very tribal culture of libya, is still a question mark. how that comes together, and how the oil is dealt with, and how a government is formed post muammar qaddafi, those are real questions. one poin
leader, a republic, saying of the 14 held up in illinois, and i quote, "they have pushed us to the edge of a constitutional crisis." but fears that republicans themselves are escalating it, and democrats countering that and legislators can not be arrested unless for treason and then they say this is different from an arrest but a shift from asking them politely. but the hunt and the countdown is on and a wisconsin state senator on the floor. thank you for taking the time. is this a threat to arrest or what, senator? >>guest: it is a senate rule. and we can arrest them and bring them into the chamber here and proceed with the business of the state of wisconsin. >>neil: but would you do that? they have 59 minutes to get back and if they don't, you do what? >>guest:ing -- we can send state patrol to their homes or any place in wisconsin where they might be and pick them up, arrest them and bring them to the chamber. the work of wisconsin's people needs to move forward and we cannot do it with 14 senators missing. >>neil: whether they come back altogether or piecemeal, all you need is one t
$60 billion to them and they export 120 billion today's us. that is going to slow down. i'm concerned about consumption and the fact that 80% of our gdp is based on consumption. if the consumer pulls back because of higher prices, because of continued unemployment, because of the impact of lower real estate prices, what happens to our economic growth? >> neil: that is a worry. >> that is more of a worry than inflation. >> neil: what of the deal is back? when you see at&t plunking down close to $40 million to get t-mobile. big pharmaceutical and big banking deals. a lot of big deals. across ocean deals. the new york stock exchange. obviously there is a willingness for corporate guys to open their wallets. why? >> part of the reap why the market is up is because of good corporate earnings came from low cost if not zero cost of money and the fact that they laid off many employees and got increases in productivity. >> neil: no doubt but they he wouldn't do this if they had a dire outlook of the future. >> your capital base is way up. your multiple is up. now, you have currency that you d
't they understand? they try to use the rhetoric this is abolishing collective bargaining. no. it's about a collective disregard for the taxpayer. this is what this fight is all about. what you don't hear a lot is governor walker isn't saying eliminating collective bargaining rights for that but we need to eliminate collective bargaining for the benefits because that is the part that is clearly out of control. that is what this is about. union bosses aren't concerned about the members and they certainly aren't concerned about the children that are missing out on education because teachers are out striking. >> neil: i'm wondering however it goes. this is something that is, did how far it's going to go and republicans are trying to make some progress on the bill. odds of being criticized on that. lawmakers were not. be that as it may, it is leaving a lot of sour and bitter tastes and spreading. where do you think it goes? how will the battle be defined? >> i think that the governor walker and other governors that have the courage to lead will start sending out pink slips and teachers will b
of acres of land and not tapping it when they could be tapping it and they are using this as an excuse. what do you stay? >>guest: no, i think that the leases they have are not the ones that have the most oil, or the most potential. and, obviously, it is very clear that the oil companies want to exploit lands that the government does not want to let up. and that's the key here, it's basically the government giving them the lands that are not going do produce a lot and keeping them away from the ones that wil the government wants the tax revenue but they want it under their own rules and their own guidelines. >>neil: we will watch closely, thank you very much. my next guess is not happy, saying we are helping brazil create jobs when we need those jobs, and now the c.e.o. of harvey gulf. so, shane, you don't like the fact that this could potentially help brazil more than us because the administration has argued we will get plenty of help and jobs as a result to say nothing of oil. you do not buy it? >>guest: no, that is incorrect. there is no way we will get anything out of this, at all.
time it could kill us. according to the president's own numbers by the end of the decade we will spend close to $1 trillion in interest. that is more than we spend on social security and medicare and kid combined. >>neil: i realize that, so what was the theater two week extension about? >>guest: i am not sure to be honest. i really don't know. because to extend two weeks government funding at a rate that annually puts us at spending $1.5 trillion more than we have is prolonging the problem. it is if we are trimming the bushes in front of a burning house and saying isn't this lovely. >>neil: are there enough senators would feel as you do and in the house of representatives who feel as you do that if this is not raised or does not get raised but squeaks through without some of the things you want to see done, senator. >>guest: when the full continuing resolution comes up for a vote a couple weeks down the road, we are going to find out how many. i believe this are a lot who feel that way, a lot in the senate and the house and they will be found in both political pares in addition to both
the fact we need a police escort to get us out. this is outrageous decision and the attorney general may appeal immediately to see if we can find a judge would will uphold the letter of law. >>neil: you are quickly beating out arizona for battle zones. the judge is arguing you are not necessarily rejecting this, but that it was done in the secretive fashion. and i understand your point but her point is if that is how it was done, for whatever reason, it has to be redone. i would imagine. if it came to that, would you redo it? >>guest: i don't think it is something we will look at because hopefully it will get a quick hearing and a next level up, and they will strike this down. as you know it is frustrating for people who were there, both at the committee hearing and on the senate floor, there was a huge mob there. anyone who said this wasn't public, my goodness, how outrageous. >>neil: we will watch closely, senator. this is turning that side upside down. and fair and balanced the other side we have wisconsin democratic state senator who was among the 14 who fled the state so as to block
Search Results 0 to 22 of about 23